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Business & farm
@micpot then you need to reflect the section 179 in your 2021 form 1065.
Unfortunately this is a windows only program and I am on a mac, so I don't know the logistics of getting this into the software. However, I would have guessed this would have carried over; but maybe not.
Finally, was there sufficient income at the entity level to take all of the carried over section 179?
I will use a lifeline to see if this individual is able to provide some software help in this area.
*A reminder that posts in a forum such as this do not constitute tax advice.
Also keep in mind the date of replies, as tax law changes.
Also keep in mind the date of replies, as tax law changes.
‎January 17, 2022
5:18 PM